Second, government revenue will fall temporarily, but will be offset in part by the spending cuts.
According to Byng, Europe's economic headwinds create challenges, but ones which are offset in part by the popularity of London and Paris as travel destinations.
The 2012 data show that slowing exports to G3 economies were offset in part by strong shipments to major emerging markets and commodity exporters.
Pfizer's profits were further offset in the quarter by the loss of the patent for its top-selling drug Lipitor in Canada and in Spain this year.
An alternative would be to establish a position in one platinum contract with an offset in a miNY gold futures contract that also is 50 ounces.
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However, the true magnitude of the risk exposure was distorted because the positions had been offset in our systems with fictitious, forward-settling, cash ETF positions, allegedly executed by the trader.
It said that while the measures had helped it bring down its costs, "the reductions were not enough to offset in full the effects of high fuel prices and weak revenues".
That positive long-term news is partially offset in the short run by shifts in the production landscape, where the rapid advances and lower costs achieved by some firms have outflanked many others.
Morgan analyst Mark Moskowitz this morning raised his estimates for Apple for the December quarter, reflecting a higher forecast for iPhone sales, offset in part by a reduced outlook for iPad sales.
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Project delays in Algeria offset increases in the United Kingdom, and will continue to produce price strains in the next quarter.
But IDC expects solid growth in software to offset weakness in hardware.
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"To keep prices stable, the Fed must see to it that the quantity of money changes in such a way to offset movements in velocity and output, " he wrote in this newspaper in 2003.
If done right, gains in most assets will more than offset losses in a few.
Growth in low-price segments and international markets has offset weakness in the corporate sector, but he thinks this trend will stall driving results well below consensus expectations.
The year's biggest concert tours made more money at the box office than they did in 2010, thanks to sharp price increases that offset declines in the number of tickets sold, according to Pollstar, a trade magazine.
Ding added the firm has been "clever and swift" in taking advantage of the volatility in the mortgage market by making short bets to generate profits to offset losses in other areas.
The document also suggested that the authority believes it has a 12-year retrospective window in which to make a claim and the council believes it can offset overpayments in the past against future ones.
The company saw improving activity in North America, particularly related to drilling for natural gas, which helped offset weakness in other parts of the world.
While the stock price has doubled over the past year (it will split 2-for-1 in late May), Longbow Research's David S. MacGregor likes that the company is active in the growing South and that it operates both a recycling business and a global distribution operation that can offset downturns in domestic steel demand.
The revisions offset each other, continuing the recent pattern in which the slowdown in housing is being offset by the pickup in nonresidential construction.
Bank bosses claim such diversification has another advantage: good years in one business offset bad years in another.
Growth of output in the manufacturing sector was only moderate, while a marginal rise in new orders offset the fall in new business reported by the service sector.
BBC: Scottish business going through soft patch, says survey
The UN reckons that total production of cocaine in the Andes has declined somewhat since 2005, with a fall in Colombia partly offset by rises in Peru and Bolivia.
It requires a big rise in circulation to offset that drop in ad revenue, and few popular broadsheet papers are likely to get the same boost as the Independent, which has a relatively small and young readership.
Growing consumption for jewelry in India and China offset softer demand in Western nations.
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These revenue sources offset losses in investment banking and higher legal expenses related to mortgages.
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The global carbon market trades emissions via cap-and-trade schemes and credits that offset reductions in carbon emissions.
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However you measure it, this is still mute everywhere, and offset, in America at least, by productivity growth.
And it continually trolls for chances to realize losses to offset gains in an effort to improve after-tax returns.
Last quarter, lower realized aluminum and alumina prices offset growth in downstream engineered products and gains from productivity improvements.
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